Gazprom retains forecast for average gas price in EU at $133 in 2020
Gazprom still expects the average price of Russian gas in Europe this year to be around $133 per 1,000 cubic…
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Import-Export
Russia’s Gazprom sees Q2 international gas sales slide 17%
Russia’s Gazprom saw its international gas sales in the second quarter slide by 17% year on year to 44.9 Bcm,…
Orban: I warn the temporary authorities of the Republic of Moldova not to try to politicize the Ungheni-Chisinau gas pipeline
On Friday, the Prime Minister of Romania, Ludovic Orban, warn the Moldovan authorities not to politicize the issue of the…
OPEC cut its oil demand estimates for 2020
Global oil demand will fall more sharply this year than previously forecast due to the coronavirus pandemic (COVID-19) and there…
Environmental NGO sues to stop Nord Stream 2 over methane leakage concerns
The environmental group Environmental Action Germany (DUH) says it is suing to stop the controversial Nord Stream 2 natural gas…
Gazprom to pay 50 mln. euro fine to Poland
The Polish antitrust regulator announced that they are fining Gazprom for refusing to cooperate in a case related to the…
Transgaz’ reply to ANRE’s statements on BRUA: They are not in line with professional ethics
The national gas carrier Transgaz considers that its image may suffer due to the statements made by a representative of…
Gas grid operators unveil billion-euro plan for European hydrogen infrastructure backbone
A group of eleven European gas infrastructure companies from nine EU member states presented a plan to create a hydrogen…
Romanian consumers will have to pay starting next year for the BRUA pipeline
Gas transmission tariffs will increase next year, after the BRUA pipeline will be put into use, as there are no…
Gazprom reports first quarterly post-2015 losses due to falling gas demand in Europe
Gazprom, the world’s largest natural gas producer, reported substantial losses for the first quarter of this year on Tuesday, as…
Interconnection with Serbia, a project of national importance
The government wants to declare the investment project “Interconnection of the National Natural Gas Transmission System in Romania with the…
Popa (OMV Petrom): Romania will import 40% of gas in 2030, without Black Sea resources
Romania will end up importing 40% of its gas in 2030, if the Black Sea gases are not extracted, said…
Hungary agrees new gas deal with Gazprom
Hungary has agreed to buy 6.2 billion cubic metres of natural gas from Gazprom and will begin talks on a…
IEA anticipates a historic drop in oil demand by 2020
The International Energy Agency (IEA) said on Tuesday that it expects the biggest drop in oil demand in history this…
Nagy-Bege (ANRE): The gas release program ensures non-discriminatory market access
Bogdan Tudorache Producers with a production volume of over 3 million MWh per year must offer 30% of output on…
Price reduction would follow the development of the Romanian Regional Gas Hub
This analysis is based on the PhD thesis “The Romanian Regional Gas Hub. Geographic, Economic and Geopolitical Aspects” Filip Negreanu-Arboreanu…
Polish competition watchdog sues Gazprom
Poland’s competition regulator UOKiK said on Wednesday it has started proceedings against Gazprom and could fine the Russian company some…
FPPG: Recovery of the oil and gas sector, a joint effort of the state and industry
The oil and gas industry recognizes the shared responsibility in managing the health crisis and is ready to contribute in…
ANRE amends the Regulation for measuring the quantities of natural gas traded in Romania
The National Energy Regulatory Authority (ANRE) approved on Wednesday amendments to the Regulation for measuring the quantities of natural gas…
Gas imports fell by 6.2% in the first quarter of 2020, and production decreased by 3%
Romania imported, in the first three months of 2020, a quantity of usable natural gas of 629,600 tons of oil…
Rainer Seele sees hope for oil price recovery in second half
Austrian energy group OMV sees hope for a recovery in oil prices in the second half of 2020 helped by…
MOL Group reported an USD 152 mln. net loss in Q1
Today, MOL Group announced its financial results for Q1 2020. Large inventory and foreign exchange losses resulted in MOL reporting…
Transgaz: Romania will have a LNG import terminal on the Black Sea coast
Romania will have over the next 6 years a functional terminal for the import of liquefied natural gas (LNG) on…